Ring Energy, Inc. (NYSEAMERICAN:REI - Get Free Report) major shareholder Warburg Pincus (E&P) Xii Llc sold 652,380 shares of the firm's stock in a transaction on Wednesday, June 11th. The stock was sold at an average price of $0.81, for a total value of $528,427.80. Following the completion of the sale, the insider now directly owns 23,223,335 shares of the company's stock, valued at $18,810,901.35. The trade was a 2.73% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own 10% or more of a company's shares are required to disclose their sales and purchases with the SEC.
Warburg Pincus (E&P) Xii Llc also recently made the following trade(s):
- On Thursday, June 12th, Warburg Pincus (E&P) Xii Llc sold 228,008 shares of Ring Energy stock. The stock was sold at an average price of $0.82, for a total value of $186,966.56.
- On Tuesday, June 10th, Warburg Pincus (E&P) Xii Llc sold 505,340 shares of Ring Energy stock. The stock was sold at an average price of $0.81, for a total value of $409,325.40.
- On Monday, June 9th, Warburg Pincus (E&P) Xii Llc sold 257,468 shares of Ring Energy stock. The stock was sold at an average price of $0.78, for a total value of $200,825.04.
- On Friday, June 6th, Warburg Pincus (E&P) Xii Llc sold 215,476 shares of Ring Energy stock. The stock was sold at an average price of $0.77, for a total value of $165,916.52.
- On Thursday, June 5th, Warburg Pincus (E&P) Xii Llc sold 26,606 shares of Ring Energy stock. The stock was sold at an average price of $0.75, for a total value of $19,954.50.
- On Wednesday, June 4th, Warburg Pincus (E&P) Xii Llc sold 321,289 shares of Ring Energy stock. The stock was sold at an average price of $0.76, for a total value of $244,179.64.
- On Tuesday, June 3rd, Warburg Pincus (E&P) Xii Llc sold 521,232 shares of Ring Energy stock. The stock was sold at an average price of $0.79, for a total value of $411,773.28.
- On Monday, June 2nd, Warburg Pincus (E&P) Xii Llc sold 495,278 shares of Ring Energy stock. The stock was sold at an average price of $0.76, for a total value of $376,411.28.
- On Wednesday, May 28th, Warburg Pincus (E&P) Xii Llc sold 31,171 shares of Ring Energy stock. The shares were sold at an average price of $0.80, for a total value of $24,936.80.
- On Tuesday, May 27th, Warburg Pincus (E&P) Xii Llc sold 55,700 shares of Ring Energy stock. The shares were sold at an average price of $0.80, for a total value of $44,560.00.
Ring Energy Price Performance
Shares of Ring Energy stock traded up $0.02 on Friday, hitting $0.87. The company's stock had a trading volume of 22,458,097 shares, compared to its average volume of 2,053,522. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.49 and a current ratio of 0.54. Ring Energy, Inc. has a 1 year low of $0.72 and a 1 year high of $2.06. The firm has a fifty day moving average price of $0.84 and a 200-day moving average price of $1.23. The company has a market capitalization of $171.80 million, a price-to-earnings ratio of 1.52 and a beta of 1.55.
Hedge Funds Weigh In On Ring Energy
Several institutional investors and hedge funds have recently modified their holdings of the business. Marshall Wace LLP acquired a new stake in Ring Energy in the 4th quarter worth about $1,378,000. BNP Paribas Financial Markets boosted its holdings in Ring Energy by 15.6% in the 4th quarter. BNP Paribas Financial Markets now owns 168,590 shares of the company's stock worth $229,000 after buying an additional 22,790 shares during the last quarter. Millennium Management LLC boosted its holdings in Ring Energy by 358.0% in the 4th quarter. Millennium Management LLC now owns 1,082,632 shares of the company's stock worth $1,472,000 after buying an additional 846,241 shares during the last quarter. Cetera Investment Advisers boosted its holdings in Ring Energy by 103.1% in the 4th quarter. Cetera Investment Advisers now owns 90,257 shares of the company's stock worth $123,000 after buying an additional 45,822 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in Ring Energy in the 4th quarter worth about $174,000. Hedge funds and other institutional investors own 77.14% of the company's stock.
Analyst Ratings Changes
A number of equities analysts have weighed in on the company. Alliance Global Partners reiterated a "buy" rating on shares of Ring Energy in a research note on Friday, March 7th. Industrial Alliance Securities set a $2.50 price objective on Ring Energy in a research note on Friday, March 7th.
Check Out Our Latest Report on REI
About Ring Energy
(
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Ring Energy, Inc, an independent oil and natural gas company, engages in the acquisition, exploration, development, and production of oil and natural gas properties. The company has interests in 56,711 net developed acres and 2,668 net undeveloped acres in Andrews, Gaines, Crane, Ector, Winkler, and Ward counties, Texas; and 8,751 net developed acres and 12,405 net undeveloped acres in Yoakum County, Texas and Lea County, New Mexico.
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